Birla Corporation Limited, a key player in central India's cement industry with a 20 million tonne capacity, aims to expand to 27.6 million tonnes by 2028-29 with a Rs 4335 crore investment.
The company plans to raise the production capacity to 27.6 million tonne by 2028-29, by way of new grinding units and clinkerisation. The proposed capital expenditure for this would be Rs 4335 crore, Lodha told the shareholders. He also said the allocation of coal blocks to the company is at various stages of approval.
Lodha also said that regarding diversification of the businesses, the company is exploring various avenues.
Birla Corporation is also focusing on renewable energy and its consumption is increasing.
